Fmr LLC Purchases 32,565 Shares of Dover Co. (NYSE:DOV)

FMR LLC grew its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,118,391 shares of the industrial products company's stock after acquiring an additional 32,565 shares during the quarter. FMR LLC owned about 2.27% of Dover worth $585,010,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DOV. Norges Bank bought a new stake in Dover in the 4th quarter worth approximately $316,228,000. Amundi grew its holdings in shares of Dover by 42.3% in the fourth quarter. Amundi now owns 648,525 shares of the industrial products company's stock worth $121,417,000 after acquiring an additional 192,908 shares during the period. Raymond James Financial Inc. purchased a new stake in Dover during the fourth quarter valued at $30,741,000. Proficio Capital Partners LLC purchased a new position in Dover in the fourth quarter worth about $28,718,000. Finally, Barclays PLC grew its stake in shares of Dover by 26.6% during the 3rd quarter. Barclays PLC now owns 360,291 shares of the industrial products company's stock valued at $69,082,000 after purchasing an additional 75,670 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Dover Price Performance

Dover stock traded up $2.24 during midday trading on Monday, reaching $164.35. 243,579 shares of the stock traded hands, compared to its average volume of 952,237. The stock has a market cap of $22.53 billion, a P/E ratio of 8.45, a PEG ratio of 2.06 and a beta of 1.24. The stock's fifty day moving average is $184.81 and its 200-day moving average is $191.48. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a 12 month low of $143.04 and a 12 month high of $222.31.

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Dover (NYSE:DOV - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting analysts' consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, equities research analysts anticipate that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.25%. Dover's dividend payout ratio is presently 10.59%.

Analyst Ratings Changes

DOV has been the topic of a number of research reports. Morgan Stanley started coverage on shares of Dover in a report on Monday. They issued an "equal weight" rating and a $185.00 price objective on the stock. Citigroup reduced their price target on Dover from $236.00 to $222.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company boosted their price objective on Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. StockNews.com cut shares of Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Dover from $230.00 to $189.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Dover has an average rating of "Moderate Buy" and an average target price of $209.92.

Dover Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.